Southwest Airlines Co.
LUV Industrials Airlines
Southwest Airlines Co.’s revenue for fiscal 2025 (year ended December 2025) was $28.1 billion, up 2.11% from fiscal 2024.
- Revenue
- +21.2%
- EPS
- +450.0%
- Free cash flow
- +46.9%
- Total debt
- +43.5%
Quarter to September 2026, against a year earlier
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Southwest Airlines Co. (LUV) EV/FCF
As of 5 November 2026, Southwest Airlines Co. (LUV) trades at a EV/FCF of 136×. Over the past ten years it has ranged from −3,900× (June 2026) to 141× (November 2026); the current reading is higher than 100% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | −28.9× | — |
| FY2024 | −11.4× | — |
| FY2023 | −37.9× | — |
| FY2022 | −113× | — |
| FY2021 | 11.3× | — |
| FY2020 | −19.5× | — |
| FY2019 | 8.3× | (12.28%) |
| FY2018 | 9.4× | (59.08%) |
| FY2017 | 23.0× | 59.93% |
| FY2016 | 14.4× | (41.22%) |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Sep 2026 | 128× | — |
| Jun 2026 | −3,900× | — |
| Mar 2026 | −98.9× | — |
| Dec 2025 | −28.9× | — |
| 43 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| AAL American Airlines Group Inc. compare | −323× |
| ALK Alaska Air Group, Inc. compare | −12.6× |
| LTM LATAM Airlines Group S.A. compare | 8.6× |
| RYAAY Ryanair Holdings PLC compare | 15.7× |
| DAL Delta Air Lines, Inc. compare | 21.6× |
| SKYW SkyWest, Inc. compare | 35.9× |
| CPA Copa Holdings, S.A. compare | 38.6× |
| UAL United Airlines Holdings Inc compare | 39.6× |
| LUV Southwest Airlines Co. | 136× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on LUV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement